USA Existing Home Sales For November 3.82M Vs 3.78M Est.; 3.79M Prior
Portfolio Pulse from Benzinga Newsdesk
USA existing home sales for November were reported at 3.82 million, surpassing the estimated 3.78 million and the prior month's 3.79 million. This indicates a slight improvement in the housing market.
December 20, 2023 | 3:00 pm
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The SPDR S&P 500 ETF Trust (SPY) may see a positive impact as the higher existing home sales suggest economic strength, which can boost investor confidence in the market.
Higher than expected home sales figures suggest a stronger economy, which generally leads to increased investor confidence and can positively affect the broad market indices that SPY tracks.
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